Sabban Property Investments (SPI), a leading real estate developer in Qatar, has reaffirmed its policies and commitments towards supporting the government’s environmental programmes focused on developing a low carbon economy.

SPI’s state-of-the-art carbon reduction measures for its QR1.2 billion ($330 million) Sabban Towers have made it the first 100 per cent carbon neutral project in the Middle East.

It involved a three-phase carbon neutralisation campaign that has taken SPI across three continents and resulted in a 15 per cent cutback in its carbon footprint and a conclusive offsetting of the remaining emissions of approximately 79,500 tons of carbon dioxide (CO2) – the amount of harmful gas the project was calculated to emit over the course of its construction.

“The Qatar market is now being eyed by genuine investors who are looking for property investments that will add more value to their investments,” said Nicola Clarke, environmental advisor, SPI.

“By developing a carbon neutral project like Sabban Towers, we are supporting the government in strengthening Qatar’s repute as a distinguished residential and investment destination,” she added.

Sabban Towers consists of three residential towers on Porto Arabia, the main marina of The Pearl-Qatar, a $2.5 billion island being reclaimed offshore from Doha.

“More importantly, we are providing a model for other developers to follow in terms of environmental corporate responsibility, which will spread the virtue of concern and accountability across the entire industry.”

As one of the only two companies from Qatar who are part of the United Nations Global Compact (UNGC) – a framework for businesses that are committed to responsible corporate practice – the developer seeks to underline the environmental and economic benefits of clean energy to both residents and the entire country.

“As the developer behind the Middle East’s historic first carbon-neutral development, our plan is to continue to influence other companies by taking more initiatives, which not only ensures responsible building processes, but also spread awareness on the advantages of reducing carbon foot print by investing in renewable energy projects,” Clarke continued.

“We are also looking forward to sharing our learnings in our journey towards carbon neutrality with universities and schools, thereby helping educate and inspire the future mobilisers of Qatar’s economy,” concluded Clarke. – TradeArabia News Service